CARIF Market News - Page 5 of 28

Ecoener secures concession for 60MWp solar PV project with battery storage in the Dominican Republic
October 24, 2024
Spanish renewable energy developer Ecoener has received approval from the Dominican Republic government to build the 60MWp Payita 2 solar PV project in Nagua, which will include a 15MW/60MWh battery energy storage system. Source: PV Tech
Dominica secures US$38.9 million loan for new transmission system
October 24, 2024
Dominica has secured a US$38.9 million loan to build a new transmission system, a key step towards advancing resilience and sustainability. Source: WriteUps24
Cuba faces fourth major blackout in 48 hours amid severe infrastructure crisis
October 24, 2024
Cuba’s electrical grid suffered its fourth collapse in 48 hours, leaving millions without power amid ongoing shortages of food, fuel, and medicine. The outages, following weeks of rolling blackouts, triggered small protests across the island. The crisis began when Cuba’s largest power plant shut down, and efforts to restore power have been hampered by a […]
DOE finalizes US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project
October 24, 2024
The U.S. Department of Energy (DOE) has finalized an US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project, Project Marahu. The initiative will include two solar-plus-storage facilities and two standalone battery systems, providing 200 MW of solar capacity and 285 MW of battery storage. Source: Canary Media
St. Kitts and Nevis commissions 6 MW rental power plant for grid stability amid infrastructure upgrades
October 10, 2024
The government of St. Kitts and Nevis has commissioned a six-megawatt rental power plant to stabilize the national grid during critical infrastructure upgrades by the St Kitts Electricity Company (SKELEC). This initiative is part of a larger plan that includes securing US$40 million in concessional funding from the Saudi Fund for Development for an 18MW […]
USAID launches five-year program to protect marine biodiversity in 13 Caribbean nations
October 10, 2024
USAID launched a five-year program aimed at reducing threats to marine biodiversity in 13 Caribbean countries. The project, known as the USAID Caribbean Sustainable Ecosystems Activity, is based in Santo Domingo and focuses on managing marine protected areas, improving solid waste management, and enhancing the sustainability of fisheries. The initiative works with local communities and […]
Dominica launches US$49.2m Loubiere to Bagatelle Road Rehabilitation Project to boost safety and climate resilience
September 26, 2024
Dominica has launched the Loubiere to Bagatelle Road Rehabilitation Project. The project, estimated at US$49.2 million, is co-financed by the Caribbean Development Bank (CDB) and the UK Government through the UK Caribbean Infrastructure Partnership Fund (UKCIF). The initiative aims to enhance road safety and climate resilience, benefiting over 6,000 residents by reducing travel times, improving […]
Sandals Foundation invests US$110,000 in Caribbean education
September 26, 2024
The Sandals Foundation has announced an investment of around US$110,000 in Caribbean education. This funding aims to improve educational opportunities through scholarships, infrastructure enhancements, teacher training, and essential school supplies. Source: Caribbean Loop News
CAF and UNOPS sign MOU to enhance sustainable development collaboration in Latin America and the Caribbean
September 26, 2024
CAF and the United Nations Office for Project Services (UNOPS) have signed a Memorandum of Understanding (MOU) to collaborate on sustainable development in the region. The agreement focuses on areas such as technical assistance for infrastructure projects, feasibility studies, joint training in project management, resource mobilization, and capacity building initiatives. Source: CAF